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Published on 4/9/2018 in the Prospect News Bank Loan Daily.

Bank Loan Calendar: $36.9298 billion deals being marketed

April Bank Meetings

AIRXCEL: Bank meeting April 10; $540 million credit facilities; Jefferies (left on first-lien) and Morgan Stanley (left on second-lien); $60 million five-year ABL revolver; $360 million seven-year senior secured first-lien term loan, 101 soft call for six months; $120 million eight-year senior secured second-lien term loan, call protection 102, 101; help fund buyout by L Catterton from One Rock Capital Partners LLC; producer and distributor of heating, ventilating, air conditioning, appliance and a variety of composite and soft good products serving specialty markets.

APERGY CORP.: Bank meeting April 10; $615 million credit facilities (Ba1/BB); JPMorgan; $250 million revolver; $365 million term B; fund spin-off from Dover Corp.; The Woodlands, Texas, provider of highly engineered technologies that help companies drill for and produce oil and gas efficiently and safely.

ENSONO LP: Lender presentation April 12; $643 million senior secured credit facilities; Morgan Stanley, Barclays, RBC and TD Securities; $60 million revolver; $460 million first-lien term loan; $123 million second-lien term loan; fund acquisition of Wipro Ltd.’s hosted data center services business; Chicago-based hybrid IT services provider.

FERRO CORP.: Lender call April 10; $820 million in term loans; Deutsche Bank and PNC; $355 million covenant-light term B-1 due February 2024 talked at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; $235 million covenant-light term B-2 due February 2024 talked at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; $230 million covenant-light term B-3 due February 2024 talked at Libor plus 225 bps, 0% Libor floor, 101 soft call for six months; reprice existing term B-1, refinance existing euro term loan and add cash to the balance sheet; Mayfield Heights, Ohio, functional coatings and color solutions provider that offers a portfolio of technology-based performance materials.

H.B. FULLER CO.: Lender call April 10; $2.139 billion senior secured term B; Morgan Stanley, JPMorgan and Citigroup; repricing; St. Paul, Minn., industrial adhesives, sealants, coatings and specialty materials company.

NAI ENTERTAINMENT HOLDINGS LLC: Bank meeting April 10; $300 million seven-year covenant-light term B (B1/BB), 101 soft call for six months; Wells Fargo; refinance senior secured notes; motion picture company.

PROAMPAC: Lender call April 11; $225 million incremental term loan; Antares and RBC; fund two near-term acquisitions; Cincinnati-based flexible packaging manufacturer.

THOUGHTWORKS INC.: Lender call April 10; $270 million first-lien term loan (including $70 million incremental of which $30 million is delayed-draw) due Oct. 12, 2024 talked at Libor plus 375 bps to 400 bps, 1% Libor floor, OID 99.5 on incremental, 101 soft call for six months; Credit Suisse, HSBC and U.S. Bank; fund retention payments and repricing; Chicago-based software development and digital transformation consulting company.

Upcoming Closings

AMERICAN GREETINGS: $720 million credit facilities (Ba3/B+); Barclays, Deutsche Bank, Citizens, ING, Bank of America, HSBC, Sumitomo, KeyBanc and CIBC; $250 million revolver; $470 million six-year term B at Libor plus 450 bps, 1% Libor floor, OID 98, 101 soft call; help fund acquisition by Clayton, Dubilier & Rice of a 60% ownership stake in the company; Cleveland, Ohio, designer, manufacturer and distributor of greeting cards, gift packaging, party goods and stationery products.

AMNEAL PHARMACEUTICALS INC.: $2.7 billion seven-year term B (B1/BB-) at Libor plus 350 bps, step-down to Libor plus 325 bps when net first-lien leverage is 3x, 0% Libor floor, OID 99.5, 101 soft call; JPMorgan, Bank of America and RBC; refinance debt in connection with acquisition of Impax Laboratories Inc.; Bridgewater, N.J., generic pharmaceutical manufacturer.

ANSIRA: Term loan debt; Antares; refinance existing term loan and upsize existing delayed-draw term loan; provider of independent data-driven, technology-enabled local marketing solutions based in St. Louis and Dallas.

ANVIL INTERNATIONAL: $60 million incremental term loan talked at Libor plus 450 bps, 1% Libor floor, OID 99.75 to 99.875; JPMorgan; fund an acquisition; Exeter, N.H., manufacturer and supplier of pipe fittings, pipe hangers and piping supports systems.

ATLANTIC POWER CORP.: Expected closing April 19; $510 million senior secured first-lien term loan (Ba2/BB-) due April 2023 at Libor of 300 bps, 1% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Dedham, Mass., owner, developer and operator of power generation projects.

AUTHENTIC BRANDS GROUP LLC (ABG INTERMEDIATE HOLDINGS 2 LLC): $410 million in term loans; Bank of America, Barclays and KeyBanc; $250 million covenant-light first-lien term loan (B1/B) due Sept. 29, 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $90 million delayed-draw covenant-light first-lien term loan (B1/B) due Sept. 29, 2024 talked at Libor plus 350 bps, 1% Libor floor, OID 99.5; $50 million covenant-light second-lien term loan (Caa1/CCC+) due Sept. 29, 2025 talked at Libor plus 775 bps, 1% Libor floor, OID 99.5, call protection 102, 101; $20 million delayed-draw covenant-light second-lien term loan (Caa1/CCC+) due Sept. 29, 2025 talked at Libor plus 775 bps, 1% Libor floor, OID 99.5; fund the acquisition of Nautica from VF Corp. and other upcoming acquisitions, and put cash on the balance sheet; New York-based acquirer and manager of consumer brands in the fashion, sports and celebrity/entertainment sectors.

BOARDRIDERS INC.: Expected closing mid-to-late April; $590 million credit facilities; Deutsche Bank, Bank of America and Macquarie; $450 million six-year term B (B3/B-) at Libor plus 650 bps, 1% Libor floor, OID 98, non-call one, 102, 101; $150 million ABL revolver; fund acquisition of Billabong International Ltd.; Huntington Beach, Calif., action sports and lifestyle company that designs, produces and distributes apparel, footwear and accessories.

BOMGAR CORP.: $360 million of credit facilities; Jefferies and Golub; $25 million revolver; $240 million seven-year first-lien term loan talked at Libor plus 375 bps to 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $95 million privately-placed eight-year second-lien term loan, call protection 102, 101; help fund buyout by Francisco Partners from Thoma Bravo; provider of remote support and privileged access management solutions to enterprise customers.

CLARION EVENTS (COMET BIDCO LTD.): $230 million incremental covenant-light term loan B (B2/B-) due October 2024 at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call through September; HSBC, Barclays, Natixis, Societe Generale and RBS; fund acquisition of PennWell Group; London-based pure-play events organizers.

CLEAN HARBORS INC.: $397 million senior secured first-lien term loan (Baa3/BBB-) due June 2024 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs; repricing; Norwell, Mass., provider of environmental, energy and industrial services.

CONSILIO + ADVANCED DISCOVERY (GI REVELATION ACQUISITION LLC): $615 million senior secured credit facilities; Jefferies, SunTrust, Goldman Sachs and KKR; $50 million five-year revolver (B2/B+); $415 million seven-year first-lien term loan (B2/B+) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million eight-year second-lien term loan (Caa2/CCC+) talked at Libor plus 850 bps to 875 bps, 0% Libor floor, OID 99, call protection 102, 101; fund acquisitions of Consilio and Advanced Discovery by GI Partners, and combination of the two businesses; eDiscovery and risk management company.

DUFF & PHELPS: $330 million incremental term loan (B3/B) at Libor plus 325 bps, 1% Libor floor, 101 soft call protection until Aug. 13, 2018; UBS and Goldman Sachs; fund acquisition of Kroll; New York-based independent advisor with expertise in the areas of valuation, corporate finance, disputes and investigations, compliance and regulatory matters, and other governance-related issues.

EG GROUP: New bank debt; Bank of America, Barclays, Deutsche Bank, Morgan Stanley and UBS; $150 million incremental multi-currency revolver (B2/B) due 2022 at Libor/Euribor plus 300 bps, 0% floor; $1.7 billion incremental covenant-light term B (B2/B) due 2025 at Libor plus 400 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; €175 million incremental covenant-light term B (B2/B) due 2025 at Euribor plus 400 bps, 0% floor, OID 99, 101 soft call for six months; $490 million equivalent eight-year covenant-light second-lien term loan ($245 million U.S., $245 million euro) (Caa1/CCC+) at Libor plus 800 bps/Euribor plus 775 bps, 1% floor, OID 99, call protection 102, 101; fund acquisitions of Kroger Co C-Stores and NRGValue; European independent forecourt/convenience-store retailer.

EIF CHANNELVIEW COGENERATION LLC: $305 million senior secured credit facilities (B1/B+); Morgan Stanley and Investec Bank; $30 million revolver; $275 million seven-year term B talked at Libor plus 450 bps to 475 bps, 1% Libor floor, OID 99, 101 soft call; refinance existing debt; 856 MW natural gas-fired combined cycle cogeneration plant located in Channelview, Texas.

EMPLOYBRIDGE LLC: $485 million seven-year covenant-light first-lien term B (B3/B-) talked at Libor plus 500 bps to 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; Credit Suisse, Goldman Sachs, RBC, Citizens, Morgan Stanley, SunTrust and Wells Fargo; refinance existing debt; workforce specialist provider.

ETON (PRICEWATERHOUSECOOPERS PUBLIC SECTOR LLP): $470 million senior secured credit facilities; RBC, UBS, Carlyle and Macquarie; $50 million five-year revolver (B1/B); $315 million seven-year covenant-light first-lien term loan (B1/B) at Libor plus 325 bps, 0% Libor floor, OID 99.75, 101 soft call for six months; $105 million eight-year covenant-light second-lien term loan (Caa1/CCC+) at Libor plus 750 bps, 0% Libor floor, OID 99.5, call protection 102, 101; help fund buyout by Veritas Capital; provider of services to federal, state and local governments and multilateral agencies to help solve complex business problems, improve processes and manage risk through its capabilities in financial management, strategy development, program management, operational effectiveness and organization design.

HEARTLAND DENTAL: $1.285 billion credit facilities (B-); Jefferies, KKR, TD Securities, BMO and Macquarie; $135 million revolver; $1 billion seven-year covenant-light first-lien term loan talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million seven-year delayed-draw for two years covenant-light term loan talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5; help fund buyout by KKR from Ontario Teachers’ Pension Plan and other existing shareholders; Effingham, Ill., dental support organization.

HILTON WORLDWIDE FINANCE LLC: $3.919 billion term B (Ba1/BBB-) due Oct. 25, 2023 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Deutsche Bank; repricing; McLean, Va., hospitality company.

HORNBLOWER: $390 million credit facilities (B2/B+); UBS and Barclays; $60 million five-year revolver; $330 million seven-year covenant-light first-lien term loan at Libor plus 450 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; help fund an investment in the company by Crestview Partners; San Francisco-based cruise and event company.

INTERNATIONAL TEXTILE GROUP INC.: $710 million of term loans; Bank of America, Deutsche Bank, Goldman Sachs, Jefferies and HSBC; $575 million seven-year covenant-light first-lien term loan (B1/B) talked at Libor plus 450 bps to 475 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $135 million eight-year covenant-light second-lien term loan (B3/B-) talked at Libor plus 850 bps to 875 bps, 0% Libor floor, OID 98.5, call protection 103, 102, 101; fund acquisition of American & Efird and refinance existing debt; Greensboro, N.C., manufacturer of industrial and technical threads and woven fabrics.

KBR INC.: $2.2 billion senior secured credit facilities (B1/B+); Bank of America; $800 million seven-year covenant-light term B at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; $400 million delayed-draw five-year term A; $500 million five-year revolver; $500 million five-year performance letter of credit facility; fund acquisition of SGT from Kamco Holdings, refinance existing revolver borrowings, fund share in a joint venture and general corporate purposes; Houston-based provider of full life-cycle professional services and technologies supporting the government services and hydrocarbons markets.

LA FITNESS (FITNESS INTERNATIONAL LLC): $700 million seven-year covenant-light term B (B1/BB-) talked at Libor plus 325 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, MUFG, Bank of the West and Fifth Third; help refinance existing credit facilities and redeem preferred equity held by Seidler Institutional and Madison Dearborn Partners; Irvine, Calif., non-franchised fitness club operator.

LEGALSHIELD: $750 million senior secured credit facilities; RBC, SunTrust, KKR, Capital One and BMO; $50 million revolver (B1/B); $550 million seven-year covenant-light first-lien term loan (B1/B) talked at Libor plus 350 bps, 25 bps step-down 0.5x inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $150 million eight-year covenant-light second-lien term loan (Caa1/B-) talked at Libor plus 750 bps, 0% Libor floor, OID 99, call protection 102, 101; help fund buyout by Stone Point Capital LLC from MidOcean Partners; Ada, Okla.-based provider of legal plans and identity theft solutions.

MASTRONARDI PRODUCE: New seven-year covenant-light term loan B talked at Libor plus 350 bps to 375 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; Bank of America, BMO and Rabobank; refinance existing bank debt; grower and distributor of greenhouse-grown produce to retailers.

MCDERMOTT INTERNATIONAL INC.: $2.26 billion seven-year first-lien term loan (Ba2/BB-) at Libor plus 500 bps, 1% Libor floor, OID 98, 101 soft call; Barclays, Credit Agricole, Goldman Sachs, MUFG, ABN Amro, RBC and Standard Chartered; refinance existing debt and cash collateralize letters of credit; Houston-based provider of integrated engineering, procurement, construction and installation, front-end engineering and design and module fabrication services for upstream field developments.

MICRON TECHNOLOGY INC.: $736.9 million senior secured covenant-light term B due April 26, 2022 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Morgan Stanley; repricing; Boise, Idaho, semiconductor company.

MKS INSTRUMENTS INC.: Expected closing April 11; $348.5 million first-lien term B due April 29, 2023 at Libor plus 175 bps, 0.75% Libor floor, 101 soft call for six months; Barclays; repricing; Andover, Mass., provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes.

MW INDUSTRIES: $459 million first-lien term loan (including $75 million add-on) (B) talked at Libor plus 350 bps, 0% Libor floor, OID 99.75 on add-on, 101 soft call for six months; RBC; fund an acquisition and repricing; Rosemont, Ind., designer and manufacturer of springs and other specialty engineered metal components for diverse end markets.

PEABODY ENERGY CORP.: Expected closing April 11; $400 million senior secured first-lien term loan (Ba3/BB) due March 2025 at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; Goldman Sachs, JPMorgan, Credit Suisse, Deutsche Bank and BMO; repricing and extension; St. Louis-based private sector coal company.

PELICAN PRODUCTS INC.: $530 million senior secured credit facilities; Morgan Stanley and Jefferies; $30 million five-year ABL revolver talked at Libor plus 150 bps, 0% Libor floor; $380 million seven-year covenant-light first-lien term loan (B2/B) talked at Libor plus 375 bps, 25 bps step-down at 3.2x first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; $120 million eight-year covenant-light second-lien term loan (Caa2/B-) talked at Libor plus 775 bps, 0% Libor floor, OID 99, call protection 102, 101; refinance existing debt; Torrance, Calif., protective case and lighting equipment manufacturer.

PLY GEM HOLDINGS INC.: Expected closing April 12; $1.755 billion seven-year term B (B2/B) at Libor plus 375 bps, 0% Libor floor, OID 99.5, 101 soft call; JPMorgan, Bank of America, Barclays, Deutsche Bank, Goldman Sachs, Jefferies, MUFG, Natixis, RBC, Societe Generale and UBS; help fund buyout by Clayton, Dubilier & Rice and combination with Atrium Windows & Doors, which is also being acquired; Cary, N.C., building products manufacturer.

QUINCY MEDIA INC.: $213.4 million term B due Nov. 2, 2022 talked at Libor plus 275 bps, 1% Libor floor, 101 soft call for six months; Wells Fargo; repricing; Quincy, Ill., media company.

SEMINOLE TRIBE OF FLORIDA: $1.194 billion term B (BBB/BBB) due July 6, 2024 talked at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Bank of America and Fifth Third; repricing; Hollywood, Fla., Indian tribe that owns and operates gaming and resort facilities.

SHEARER’S FOODS LLC: $515 million first-lien term loan (including $235 million incremental) (B3/B-) due June 30, 2021 talked at Libor plus 425 bps, 1% Libor floor, OID 99.5 on incremental, 101 soft call for six months; Antares and Golub; redeem notes and reprice existing term loan upwards; Massillon, Ohio, private label supplier and contract manufacturer of salty snacks, cookies and crackers.

TRANSPLACE HOLDINGS INC.: $410 million senior secured first-lien term loan (including $10 million add-on) (B-) due October 2024 at Libor plus 375 bps, 1% Libor floor, OID 99.75 on add-on, 101 soft call; Goldman Sachs; pay down second-lien loan and repricing; Frisco, Texas, provider of highly configurable transportation management solutions, with a complementary suite of specialized third-party logistics services.

U.S. SILICA HOLDINGS INC.: $1.38 billion credit facilities (B1/B+); BNP Paribas and Barclays; $100 million revolver; $1.28 billion seven-year term B talked at Libor plus 350 bps to 375 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; fund acquisition of EP Minerals LLC and refinance existing debt; Frederick, Md., producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications.

VYAIRE MEDICAL INC.: $450 million in term loans; Bank of America, RBC, ING, Natixis and Mizuho; $360 million seven-year covenant-light term B (B2/B-) talked at Libor plus 475 bps, 1% Libor floor, OID 96 to 97, 101 soft call; $90 million second-lien term loan (Caa2/CCC); finance Apax’s acquisition of the existing minority shareholder’s stake in the company and fund contemplated acquisitions; Mettawa, Ill., pure play medical device company in the respiratory space.

WCA WASTE CORP.: $100 million add-on term loan (B+) and repricing of existing term loan (B+) talked at Libor plus 250 bps, OID 99.75 on add-on; SunTrust; pay down revolver borrowings and add cash to the balance sheet; Houston-based vertically integrated non-hazardous solid waste management company.

WEST CORP.: $700 million term B-1 (B/BB+) due Oct. 10, 2024 at Libor plus 350 bps, 25 bps step-down at 3.5x net secured leverage, 1% Libor floor, OID 99.875, 101 soft call for six months; Credit Suisse and RBC; fund acquisition of Nasdaq Inc.’s public relations and webcasting and webhosting products and services businesses and refinance notes; Omaha-based provider of communication and network infrastructure services.

WHEEL PROS: $350 million senior credit facilities; Antares; $30 million ABL five-year revolver; $240 million seven-year first-lien term loan (B2/B); $80 million eight-year second-lien term loan (Caa2/CCC+); help fund buyout by Clearlake Capital; distributor of proprietary branded wheels and performance tires.

WYNDHAM HOTELS & RESORTS INC.: $1.6 billion seven-year covenant-light term B (Baa3/BBB-) at Libor plus 175 bps, 0% Libor floor, 101 soft call for six months; Bank of America, Barclays, Deutsche Bank, Credit Suisse, Goldman Sachs, Wells Fargo, SunTrust, Scotia, MUFG and US Bank; help fund acquisition of La Quinta Holdings Inc.’s hotel franchise and hotel management businesses; Parsippany, N.J., hotel franchisor.

On The Horizon

8POINT3 ENERGY PARTNERS LP: $1.16 billion in loans; MUFG, Massachusetts Mutual, KeyBanc and Commonwealth Bank of Australia; $1.1 billion term loan; up to $60 million letter of credit facility; help fund acquisition by Capital Dynamics Inc.; San Jose, Calif.-based owner, operator and acquirer of solar energy generation projects.

ALBERTSONS COS. LLC: $7.2 billion in bank debt; Bank of America, Credit Suisse, Goldman Sachs, Morgan Stanley, Deutsche Bank, Deutsche Bank, Barclays, RBC, Wells Fargo, PNC, SunTrust, U.S. Bank, MUFG, Bank of Montreal, Fifth Third, TD Bank and Capital One; $5 billion incremental asset-based revolver; $1.2 billion five-year asset-based term loan expected at Libor plus 375 bps; help fund merger with Rite Aid Corp.; Boise, Idaho, food and drug retailer.

ALTRA INDUSTRIAL MOTION CORP.: $1.64 billion senior secured credit facilities; Goldman Sachs; $300 million revolver; $1.34 billion in term loans; help fund combination with four operating companies from Fortive’s Automation and Specialty platform; Braintree, Mass., designer, producer and marketer of a wide range of electromechanical power transmission and motion-control products.

BLACKHAWK NETWORK HOLDINGS INC.: $2.15 billion senior secured credit facilities; Bank of America, JPMorgan, Barclays, Citigroup, Goldman Sachs, Wells Fargo, BMO, Deutsche Bank, Fifth Third, MUFG, RBC and SunTrust Bank; $400 million revolver; $1.35 billion first-lien term loan; $400 million second-lien term loan; help fund buyout by Silver Lake and P2 Capital Partners; Pleasanton, Calif., financial technology company.

BOYD GAMING CORP.: Incremental debt financing; fund acquisition of Valley Forge Casino Resort in King of Prussia, Pa., from Valley Forge Convention Center Partners LP; Las Vegas-based owner and operator of gaming entertainment properties.

BRAZOS MIDSTREAM: $950 million credit facilities; Jefferies and RBC; $50 million revolver; $900 million term loan; help fund buyout by North Haven Infrastructure Partners II; Fort Worth, Texas, natural gas and crude oil midstream company.

COMMERCEHUB INC.: $465 million senior secured credit facilities; Jefferies, Golub and KKR; $30 million revolver; $290 million first-lien term loan; $145 million privately-placed second-lien term loan; help fund buyout by GTCR and Sycamore Partners; Albany, N.Y., distributed commerce network for retailers and brands.

DANA INC.: $250 million incremental term A; Credit Suisse, Barclays, and Citigroup; help fund acquisition of the Driveline division of GKN plc to create Dana plc; supplier of drivetrain, sealing and thermal-management technologies.

ENERGIZER HOLDINGS INC.: $2.04 billion senior secured credit facilities; JPMorgan and Barclays; $400 million five-year revolver expected at Libor plus 275 bps, 0% Libor floor; $1.64 billion seven-year covenant-light first-lien term loan expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; help fund acquisition of Spectrum Brands’ Global Battery and Portable Lighting Business, refinance existing credit facility and provide working capital; St. Louis-based manufacturer of primary batteries and portable lighting products.

GMS INC. (GYP HOLDINGS III CORP.): $425 million of incremental term loans; Barclays and Credit Suisse; $375 million incremental covenant-light first-lien term loan (B2) due April 1, 2023 expected at Libor plus 275 bps, 0% Libor floor, 101 soft call for six months; $50 million incremental covenant-light second-lien term loan due April 1, 2024 expected at Libor plus 550 bps, 0% Libor floor, call protection 102 from six months to one year, 101; help fund acquisition of WSB Titan from current management and TorQuest Partners; Tucker, Ga., distributor of wallboard and suspended ceilings systems.

KEY SAFETY SYSTEMS: New debt financing; help fund acquisition of substantially all of Takata Corp.’s assets and operations; Sterling Heights, Mich., supplier of advanced engineered safety products for automotive and non-automotive markets.

KINDRED HEALTHCARE INC.: $2.975 billion senior secured credit facilities; JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, Capital One, RBC and Wells Fargo; $280 million revolver, $1.36 billion first-lien term loan, $475 million second-lien term loan to Kentucky Homecare Holdings Inc.; $450 million asset-based loan facility, $410 million term loan to Kentucky Hospital Holdings LLC; help fund buyout by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.; Louisville, Ky., healthcare services company.

LUMENTUM HOLDINGS INC.: $550 million seven-year senior secured covenant-light term B expected at Libor plus 250 bps, 25 bps step-down at 0.5 times inside closing first-lien net leverage, 0% Libor floor, OID 99.5, 101 soft call for six months; Deutsche Bank; help fund acquisition of Oclaro Inc.; Milpitas, Calif., provider of photonics products for optical networking and lasers for industrial and consumer markets.

MARVELL TECHNOLOGY GROUP LTD.: $1.4 billion credit facilities; Goldman Sachs and Bank of America; $900 million term loan; $500 million revolver; help fund acquisition of Cavium Inc.; Hamilton, Bermuda, provider of storage, networking and connectivity solutions.

MGM GROWTH PROPERTIES LLC: New debt financing; help fund acquisition of Hard Rock Rocksino Northfield Park from Milstein Entertainment LLC; Las Vegas-based real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts.

MICROCHIP TECHNOLOGY INC.: Up to $5 billion seven-year senior secured covenant-light term B expected at Libor plus 225 bps, 0% Libor floor, OID 99.5, 101 soft call for six months; JPMorgan; help fund acquisition of Microsemi Corp.; Chandler, Ariz., manufacturer of microcontroller, memory and analog semiconductors.

PCI GAMING AUTHORITY (WIND CREEK HOSPITALITY): New debt financing; Credit Suisse; help fund acquisition of Sands Casino Resort in Bethlehem, Pa., from Las Vegas Sands Corp.; owner and operator of gaming and entertainment facilities.

PENN NATIONAL GAMING INC.: $1.14 billion in incremental senior secured term loans; Bank of America, Goldman Sachs, Fifth Third, U.S. Bank, Wells Fargo, Citizens, SunTrust and TD Securities; $387.2 million incremental term A; $752.8 million incremental term B; help fund acquisition of Pinnacle Entertainment Inc.; Wyomissing, Pa., owner and manager of gaming and racing facilities and video gaming terminal operations.

PLANTRONICS: New debt financing; Wells Fargo; help fund acquisition of Polycom; Santa Cruz, Calif., audio communications company.

THOMSON REUTERS’ FINANCIAL & RISK: New debt financing; JPMorgan, Bank of America and Citigroup; help fund acquisition of a 55% stake by Blackstone, Canada Pension Plan Investment Board and GIC; data and financial technology platform.

VERIFONE SYSTEMS INC.: New debt financing; Credit Suisse, Barclays and RBC; help fund buyout by investor group led Francisco Partners; San Jose, Calif., company that makes secure electronic payment equipment.


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